April 25 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
The Times
- Blackrock BLK.N Chief Executive Officer Larry Fink said that the company has been buying billions of pounds of assets in the UK that it believes are "undervalued".
- Elliott Management, the activist hedge fund pressing for changes at BP BP.L, is seeking the ouster of Giulia Chierchia, the company's executive vice-president for strategy, sustainability, and ventures, but not its CEO.
The Guardian
- British spending watchdog has raised doubts about the value of billions in subsidies given to the Drax DRX.L power plant in North Yorkshire, warning that an additional 6.5 billion pounds ($8.65 billion) in planned funding may not deliver value for public money due to ongoing sustainability concerns.
- Bank of England Governor Andrew Bailey warned of a "growth shock" to the UK economy from U.S. President Donald Trump's trade policies, while noting the UK is not currently near a recession but remains vigilant.
The Telegraph
- British Prime Minister Keir Starmer said that Ukraine must control the terms of any peace agreement with Russia, rejecting U.S. President Donald Trump's suggestions and defending Ukrainian President Zelenskiy's "courageous" stance amid stalled talks to end the war.
Sky News
- NewDay Group, owned by Cinven and CVC Capital Partners CVC.AS, has attracted takeover interest for parts or all of its business from major investors including Pimco, KKR KKR.N, and a Bain Capital-led group with Centerbridge Partners.
- Waves Audio, an Israel-based audio technology firm used by top global musicians, is planning a 300 million pounds IPO in London as early as June, hiring bankers to bolster the city's struggling stock market.
The Independent
- British Chancellor Rachel Reeves pushed for a new global trading system to fix "excessive imbalances" in a bid to secure a UK-U.S. trade deal.
- Social media and internet platforms must block children's access to harmful content by July or face hefty fines, Britain's Ofcom said on Thursday.
($1 = 0.7518 pounds)
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))
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